SOLUTION: UCO Jack Ma Blasts Global Financial Regulators Curbs on Innovation Summary

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SOLUTION: UCO Jack Ma Blasts Global Financial Regulators Curbs on Innovation Summary 1

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Article: Bloomberg News. (2020). Jack Ma Blasts Global Financial Regulators’ Curbs on
Innovation. Retrieved October 25, 2020, from https://www.bloomberg.com/news/articles/202010-25/jack-ma-blasts-global-financial-regulators-curbs-on-innovation
Summary
Global financial regulations have stifled innovation and a system should be created to
accommodate development. Regulators aid in addressing financial crises as they help in
controlling risks highlighted. The regulators should not only focus on risk control and
development but also consider opportunities for young people and developing countries. For
instance, the Basel Accord provides a system that solves financial problems for the elderly and
since more the world has more youths embracing technology, the regulators need to develop a
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